Wide range | 11 نوفمبر 2015
11 نوفمبر 2015, GBP/USD
Daily chart: bulls can’t use their chance, and ADX is very active now, and new decline is expected to appear.
Н4: the pair is located between 1.5003 and 1.5240 levels. If the price touched resistance level at 1.5240, so sell orders will be actual.
Н1: narrow envelopes doesn’t allow any range for trading. We ban predict a flat for tomorrow but there will be published important british news. See H4 strategy.
Expectations: The main plan – growth to 1.5240 and then decline to 1.50. The alternative plan – direct decrease to 1.50 and then, possible, futher decrease. Trading solutions: 1) Sell from 1.5240. 2) Be careful about news.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
